Investing.com - Colgate-Palmolive (NYSE:CL) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Colgate-Palmolive announced earnings per share of $0.72 on revenue of $4.48B. Analysts polled by Investing.com anticipated EPS of $0.7087 on revenue of $4.36B.
Colgate-Palmolive shares are down 7% from the beginning of the year and are trading at $79.19 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 12.97% from the start of the year.
Colgate-Palmolive follows other major Consumer Staples sector earnings this month
Colgate-Palmolive's report follows an earnings missed by Procter&Gamble on Friday, who reported EPS of $1.21 on revenue of $19.52B, compared to forecasts EPS of $1.23 on revenue of $19.37B.
Coca-Cola had beat expectations on Tuesday with second quarter EPS of $0.7 on revenue of $11.33B, compared to forecast for EPS of $0.6693 on revenue of $10.54B.
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